US President Trump is upending the global trade system with a slew of tariffs ranging from a baseline of 10% to as high as 50%. Trump has signed an executive order on the rates which go into effect in seven days. Some of the highest tariffs are on Canada which is now set at 35%. Mexico, the US' other big trading partner, has been given a 90-day reprieve. Goods imported from Indian into the US will face 25-percent duties after talks to hammer out a mini-trade deal failed. NDTV's Allister D'Souza speaks to William Lee (Chief Economist, Milken Institute).